THIS CHAPTER COVERS THE FOLLOWING SECTIONS:

(a) MYC: WHAT IT MEANS AND WHEN IT'S USED

(b) PREREQUISITES TO UNDERSTANDING MYC

(c) MYC APPROACH

(d) PRINCIPAL DIFFERENCES BETWEEN CONVENTIONAL AND MULTI-YEAR CONTRACTS

(e) TYPES OF MYC: NON-ECONOMIC ORDER QUANTITY (EOQ) AND EOQ